Page 784 - Economy & Policy News
India, Japan to unite for digital transformation in green mobility: Gadkari
India, Japan will undertake joint projects for digital transformation in the areas of ITS and eco-friendly mobility, Road Transport and Highways Minister Nitin Gadkari said on Wednesday
Hiring activity in white collar professional segment rise by 4% in Dec
The hiring activity in the white collar professional segment showed an increase of 4 per cent in December 2022, compared to the same month in the previous year, according to a report
 "Hiring activity in white collar professional segment rise by 4% in Dec")
Cabinet approves setting up of 3 new multi-state cooperative societies
The Union Cabinet on Wednesday approved setting up of a national level multi-state cooperative seed society under Multi-State Cooperative Societies (MSCS) Act, 2002
 "Cabinet approves setting up of 3 new multi-state cooperative societies")
India eyes overseas copper, lithium mines to meet domestic shortfall
To start with, India has identified one copper and two lithium mines in resource-rich Argentina to either acquire or secure long-term leases, the sources said
 "India eyes overseas copper, lithium mines to meet domestic shortfall")
Hospital sector likely to post healthy growth in FY23: ICRA report
Aggregate bed occupancy seen at 64% due to 'sustained improvement in demand', says agency
 "Hospital sector likely to post healthy growth in FY23: ICRA report")
Micro and small enterprises corner 55% of total orders placed on GeM portal
Micro and small enterprises (MSEs) have cornered over 55 per cent of the total orders placed on the public procurement platform GeM since 2019, a senior government official said
 "Micro and small enterprises corner 55% of total orders placed on GeM portal")
Why did the world's biggest ship choose to skip Indian ports completely?
Poor shipping connectivity has hindered India's integration into the global value chain, according to a RBI report in 2022. The country scored 34% in the GVC participation index
 "Why did the world's biggest ship choose to skip Indian ports completely?")
Direct tax collection grows 24.58% to Rs 14.71 trillion till Jan 10
The country's gross direct tax collection rose 24.58% to Rs 14.71 trillion till January 10 this fiscal, buoyed by an upsurge in personal income tax mop-up, the government data showed
 "Direct tax collection grows 24.58% to Rs 14.71 trillion till Jan 10")
Maharashtra top performer on finances, social indicators, finds study
The rankings, released by CareEdge also painted a favorable picture of Gujarat, while India's most industrialised state of Tamil Nadu ranked third with an edge in social and governance categories
 "Maharashtra top performer on finances, social indicators, finds study")
Pace of remittance inflows has slowed for India in the past decade
Cash transfers increased in absolute terms but the rate of growth decelerated
 "Pace of remittance inflows has slowed for India in the past decade")
Centre to seek bids to set up green hydrogen manufacturing plants by May
The bidding process is part of a first phase of a $2 billion incentive plan announced last week to boost use of green hydrogen to cut emissions and make India a major exporter in the field
 "Centre to seek bids to set up green hydrogen manufacturing plants by May")
HLL Lifecare pays Rs 122.47 cr dividend to health ministry for FY 2021-22
State-owned HLL Lifecare Limited has paid a dividend of Rs 122.47 crore to the health ministry for financial year 2021-22, an official statement said
 "HLL Lifecare pays Rs 122.47 cr dividend to health ministry for FY 2021-22")
World Bank sees India growth slowing to 6.6% next fiscal from expected 6.9%
"The slowdown in the global economy and rising uncertainty will weigh on export and investment growth," it said
 "World Bank sees India growth slowing to 6.6% next fiscal from expected 6.9%")
Arunachal govt to hand over five hydropower projects to two CPSUs
An official of the Chief Minister's Office (CMO) said that these five projects would require an investment of Rs 40,000 crore in next 5-7 years
 "Arunachal govt to hand over five hydropower projects to two CPSUs")
Modi govt's final full budget to focus on subsidy cuts, 'Make in India'
With India running one of the highest public debt to GDP ratios among emerging markets globally, firm adherence to the fiscal consolidation would seem the most appropriate path
 "Modi govt's final full budget to focus on subsidy cuts, 'Make in India'")
Rates are out of tune for higher-income levels, need revisions
India is somewhere in the middle when taxation for the upper-income bracket is considered, but leaving tax rates untouched can translate into a heavier tax burden on the population
NITI Aayog to rank states on measures taken to increase farmers' income
The NITI Aayog is working on this project with other stakeholder ministries and has developed several indices to rank states annually on measurable parameters
 "NITI Aayog to rank states on measures taken to increase farmers' income")
India exports 1.69 million tons of sugar till Jan 4 of FY23: Report
India has exported 16.92 lakh tonnes of sugar till January 4 of the ongoing 2022-23 marketing year, including 59,596 tonnes of the sweetener to neighbouring China, trade body AISTA said on Tuesday
 "India exports 1.69 million tons of sugar till Jan 4 of FY23: Report")
Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs
The upcoming pre-election Budget will carry forward the trend of the increased capital expenditure seen in recent years
 "Fiscal deficit in FY24 may be capped at 5.9%, says Goldman Sachs")
Small, mid CPSEs likely to be on Centre's FY24 disinvestment list
Government officials hinted that efforts were being taken to conclude stake sale of Shipping Corp and BEML by March
 "Small, mid CPSEs likely to be on Centre's FY24 disinvestment list")